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Feb 16, 2013
02/13
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are somewhat pole driven and sound generally good to the public and he pitches them as helping the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the endorsement of activist government was, this was eons from the bill clinton presidency. this is an unapologetic look, look, government will do the following things for you, suggests to me that he thinks he has the liberal majority in the country? >> yeah, and not having to fun again for reelection, having just won, the pretense is falling apart from cares a lot about debt and deficit reduction, a lot of new programs, a lot of of new spending and i think as we said, 2014, we find out if the congress is going to be able to stop those programs in the last two years of his term. >> i think there's more going on here
are somewhat pole driven and sound generally good to the public and he pitches them as helping the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the...
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Feb 17, 2013
02/13
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i think fundamentally it's because the economy is a steel of poor economy. per capita income is still 18% of the u.s. per capita income. a long way for the chinese economy to go to catch up. so fundamentally they're still basic forces, both on the demand side, supply side so forth to push the economy to grow reasonably fast. >> people have been talking about corruption in china because over the last few months we've heard a lot of stories, various members of standing committee and this is generally a conversation even beyond that that there is more than people think there is just gets hidden. is corruption a big problem in china? >> yes, it is a problem. it is a political problem more than an economic problem. >> why is it an economic problem? >> i often joke, this is, i warn people and this is oversimplifying fine line. i often joke that in china corruption is done. things and investments are done. where many parts of the world corruption happens without actual investments being done. which is better? of course, i'm not defending corruption. >> but pro-grow
i think fundamentally it's because the economy is a steel of poor economy. per capita income is still 18% of the u.s. per capita income. a long way for the chinese economy to go to catch up. so fundamentally they're still basic forces, both on the demand side, supply side so forth to push the economy to grow reasonably fast. >> people have been talking about corruption in china because over the last few months we've heard a lot of stories, various members of standing committee and this is...
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Feb 20, 2013
02/13
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in terms of the gross domestic product of our economy this is .03 of -- this is a third of 1%. on the domestic side, 2.5 cents on the dollar. this is a penny-and-a-half on the dollar of reduction. a debt of $16 trillion and the argument today is if we cut a penny-and-a-half on nondefense spending in a year it's the end of the world. if so, we are hopelessly in debt or we will end up -- >> bret: i want to continue the conversation, call a audible to talk about the sequestions ration. and why it's not happening on both sides. the panel continues after the break. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> bret: we are back to continue talking about the sequester. overall the sequester is $85 billion this year. we talk about $3.6 trillion budg
in terms of the gross domestic product of our economy this is .03 of -- this is a third of 1%. on the domestic side, 2.5 cents on the dollar. this is a penny-and-a-half on the dollar of reduction. a debt of $16 trillion and the argument today is if we cut a penny-and-a-half on nondefense spending in a year it's the end of the world. if so, we are hopelessly in debt or we will end up -- >> bret: i want to continue the conversation, call a audible to talk about the sequestions ration. and...
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Feb 24, 2013
02/13
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i said it was going to have an effect on the economy. it might sound like a lot. fragile economy. but there are specific programs that are going to be affected. what every unemployed person gets will be reduced. there are going to be fewer agriculture inspectors to stand in food processing plants. which means, those plants can't process foods. >> one of the things that i think the democrats are counting on, some time in april and may, when this all starts to kick in, the republicans are going to break again. >> they're not going to, because they have put this central to their strategy, they chose to do this. they want to have this debate. again, it's not a fallback. i think there a are a couple of dangers here for the white house. they are warning of doom and gloom. how bad is it actually going to be when it happens? that's a big question. that hasn't been answered. lot of people aren't paying attention. how many americans -- this isn't a government shutdown. people are still going to get their passports, visit national parks. how many americans are paying attention? and how many
i said it was going to have an effect on the economy. it might sound like a lot. fragile economy. but there are specific programs that are going to be affected. what every unemployed person gets will be reduced. there are going to be fewer agriculture inspectors to stand in food processing plants. which means, those plants can't process foods. >> one of the things that i think the democrats are counting on, some time in april and may, when this all starts to kick in, the republicans are...
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Feb 19, 2013
02/13
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that's halting together economy. when you look at the numbers, you're right, as rand paul says, a pittance in the overall big bucket that we're overspending, or spending more than we're taking in every day. but the point is, this is no way to run a country. this is no way to run a business or a country. you don't just lop off 9%. you do it priorities, consensus, with an eye to investing in the future. don't hurt jobs. this is who the knot what congress is doing. what they are doing is foregoing the day to day budget operations that they're supposed to be doing and doing brinksmanship every three months and that's not good for running a country and grow an economy. >> you're right. and as the president said at the top of the speech at the old executive office building, now the eisenhower executive office building, when they came up with the idea in 2011 of the forced mandatory spending kus, it was so unattractive, those were his words, it would force republicans and democrats and the white house to come up with a soli
that's halting together economy. when you look at the numbers, you're right, as rand paul says, a pittance in the overall big bucket that we're overspending, or spending more than we're taking in every day. but the point is, this is no way to run a country. this is no way to run a business or a country. you don't just lop off 9%. you do it priorities, consensus, with an eye to investing in the future. don't hurt jobs. this is who the knot what congress is doing. what they are doing is foregoing...
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Feb 20, 2013
02/13
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there is an understanding that the economy could be impacted. thank you. >> "news nation" gut check. will connecticut be the fifth to ban smoking in cars with young kids inside? we will look at both sides including those who say such a law is government overreach. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> we will be back and connecticut could join a handful of other states that banned smoking where a child is present. a state committee is taking up a proposed ban. we get the latest from a reporter. our nbc station, wvit. >> every time chris heads out with her two sons, safety is the number one thing on her mind. >> we're want our kids to be in safe places always. >> that's why chris supports a move to ban smoking in cars. >> even as we drive around and see kids that are at a stoplight next to us and you can see shn is smoking in the car,
there is an understanding that the economy could be impacted. thank you. >> "news nation" gut check. will connecticut be the fifth to ban smoking in cars with young kids inside? we will look at both sides including those who say such a law is government overreach. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's....
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Feb 21, 2013
02/13
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economy and create 1.4 million new jobs by 2030. the dream is now a campaign dedicated to advancing the principles behind the dream act launched by lore even powell jobs, widow of steve jobs. the website the dream is now.org features the stories of several dreamers. one is terrence park. >> just yesterday terrence was accepted into the masters program in biostatistics at yale, but the dream act doesn't pass by the time he graduates, then he will have no choice but to take a job where someone pays him you should the table. >> which means the president of the berkeley math club will be doing some hard manual labor. >> the campaign is partnered with davis gugenheim author of "an inconvenient truth" to produce a documentary that tells the stories of the lives of those affected by the dream act. he joins us from los angeles, california. davis, i'm a huge fan. it is really great to have you on the program. >> hi, aleggs, it's good to be here. >> i think one of the most meaningful things to combatting the intransjens and a lot of the stere
economy and create 1.4 million new jobs by 2030. the dream is now a campaign dedicated to advancing the principles behind the dream act launched by lore even powell jobs, widow of steve jobs. the website the dream is now.org features the stories of several dreamers. one is terrence park. >> just yesterday terrence was accepted into the masters program in biostatistics at yale, but the dream act doesn't pass by the time he graduates, then he will have no choice but to take a job where...
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Feb 20, 2013
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but it is a huge, huge threat to our economy and our livelihoods. a senior defense official said, in the cold war we were focused around the command centers in moscow, it's fair to say we worry as much about the computer servers in shanghai. we have to leave it there. >> happy note. >> yeah, our macs are not safe. among other things. thank you to my panel today, howard, joy, maggie, and jared. that is all for "now." i'll see you back here tomorrow at noon eastern, 9:00 pacific. until then, you can find us at facebook.com/nowwithalex. "andrea mitchell reports" is next. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if
but it is a huge, huge threat to our economy and our livelihoods. a senior defense official said, in the cold war we were focused around the command centers in moscow, it's fair to say we worry as much about the computer servers in shanghai. we have to leave it there. >> happy note. >> yeah, our macs are not safe. among other things. thank you to my panel today, howard, joy, maggie, and jared. that is all for "now." i'll see you back here tomorrow at noon eastern, 9:00...
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Feb 19, 2013
02/13
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they invest in the economy. they pay taxes. we talk about them as if they're this group of people who come down from another planet every once in a while and spend time. i like the business community for a singular reason. they employ people. they're small business people. they're big business people. there are those that do things we don't like, and there many, many we do things that we do like. it's calculated on the part of what andrew said, to andrew's point that the sequester will probably take effect, and they're counting on between march 1st and march 27th the pain that we all anticipate being so great that it will force congress to do their job. i don't blame the business community for factoring in, trying to protect and trying to insure that they can do business going forward. the markets suggest that they have adjusted in many ways. do i detest them for doing that? by no means. what i'm most upset with is washington. if you are a pedestrian watching, this is the same conversation that took place on election day to dec
they invest in the economy. they pay taxes. we talk about them as if they're this group of people who come down from another planet every once in a while and spend time. i like the business community for a singular reason. they employ people. they're small business people. they're big business people. there are those that do things we don't like, and there many, many we do things that we do like. it's calculated on the part of what andrew said, to andrew's point that the sequester will probably...
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Feb 19, 2013
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economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing what the airline industry is doing and that's reducing capacity really massively. we lost over a million barrels of refining capacity just to shutdowns over the last year now. >> why would they voluntarily do these shutdowns? >> believe it or not, they weren't making enough money for themselves and they decided to get out of the business. i'm fearful normally i can tell you why, it has to deal with cutbacks by opec. war issues. this time, it may be different. this time we may not see the price break in coming months that i'd expect to happen because of demand at the pump. with the ref
economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing...
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Feb 21, 2013
02/13
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how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy. here's what those fed minutes revealed: "many" policymakers voiced concerns about "potential costs and risks" from more bond buying. others said that the easy-money policies might encourage "excessive risk-taking" and that could have "adverse consequences for financial stability" policymakers also noted positive developments in the economy, as more businesses are optimistic about the economic outlook. nervousness about the fed's next moves pulled down stocks: the
how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy....
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Feb 20, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie delay the cuts for another month. or two come up with a major plan to slash the debt in this country. number two is not going to happen. the punt and pay, i kind of like it. that is not going to happen. number one haze decent chance but number one is a fail too. after all, the feared forced cuts are 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at this point, are the cuts inevitable? why is the president still talking about it? >> well, we're ten days away and it seems like the republicans really don't want to do anything to fend off this crisis. you said sequester is an odd word. in a lot of languages, it means kidnap. it's sort of a kidnap situation because the economy is kidnapped,
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie delay the cuts for another month. or two come up with a major plan to slash the debt in this country. number two is not going to happen. the punt and pay, i kind of like it. that is not going to happen. number one haze decent chance but number one is...
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Feb 20, 2013
02/13
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. >> well they certainly affected the economy, had a huge effect on the economy and led to the devaluation of the iranian currency. but it's an excellent question because there's some talks coming up now in kazakhstan of all places in late february involving the eu, the united states and the iranians. and so this is going to be a venue in which people are going to be able to see to a certain extent how serious iran is about negotiating on limits on its nuclear program. there hasn't been negotiations for some significant period of time. and this is an opportunity to test the iranians. i think this initial round is not going to prove much but certainly over the next six months, i think there will be an ample opportunity to see if there is an intent on the iranian part to reach some sort of compromise. >> rose: leon panetta and others have said the following. we have no information that there's been a decision on the part of the iranian government and the most influential people there to builds a nuclear weapon and a missile that will deliver it. what do they mean when they say that? >> well,
. >> well they certainly affected the economy, had a huge effect on the economy and led to the devaluation of the iranian currency. but it's an excellent question because there's some talks coming up now in kazakhstan of all places in late february involving the eu, the united states and the iranians. and so this is going to be a venue in which people are going to be able to see to a certain extent how serious iran is about negotiating on limits on its nuclear program. there hasn't been...
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Feb 19, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands to the employment rolls. this is not on abstraction. people will lose their jobs the american people have worked too long, too hard to see their elected officials cause another crisis. it seems like every three months around here there's some manufactured crisis. >> it sure does. we have a senate insider with us who knows all too well how the senate works or in most cases doesn't work. former senate leader tom daschle and also the author of "the u.s. senate." welcome. >> thank you. >> on this sleepy siesta day, i want you to try to get obama's mind back on us. if you remember back in the presidential debates he sort of dropped a bomb when he said the sequester will not happen. a couple of his advisers went back and said, well, i think what he meant was, it should not happen. he also tried to shake off the proposal something that congress believed got four pinocchios. this came from the white house. and now according to politico, obama is not really reaching out to senate republicans to try and get anything do
they will hurt our economy. they will add hundreds of thousands to the employment rolls. this is not on abstraction. people will lose their jobs the american people have worked too long, too hard to see their elected officials cause another crisis. it seems like every three months around here there's some manufactured crisis. >> it sure does. we have a senate insider with us who knows all too well how the senate works or in most cases doesn't work. former senate leader tom daschle and...
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Feb 24, 2013
02/13
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. [heart beating] [heartbeat continues] [heartbeat, music playing louder] ♪ i'm feeling better since you know me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >> you guys ran iran back in the '90s? >> i don't know. >>> it's oscar time and best picture nominee "zero dark thirty" has brought the topic of waterboarding to the front. it makes the case that waterboarding and ot
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. [heart beating] [heartbeat continues] [heartbeat, music playing...
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Feb 21, 2013
02/13
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they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> joining me now michelle ber in order, democratic strategyist, patty doyle, and my nbc colleague at the white house, kristen walker. welcome all. kristen, i want to put up the map of, we'll show you everybody where the president spoke yesterday in these local interviews, from boston. there was definitely a pattern here, honolulu, big military town. they clearly believe this p.r. strategy's going to work even because they say it worked the last time, right? >> right. that is the strategy, to put public pressure on congress to get something done, but at this point in time, it doesn't seem like it's working. right, not scheduling meetings, haven't had any read-outs of any meetings, trying to get a sense of if that's going to come. doesn't seem like the president's going to be picking up the phone at this point in time. it does seem
they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> joining me now michelle ber in order, democratic strategyist, patty doyle, and my nbc colleague at the white house, kristen walker. welcome all. kristen, i want to put up the map of, we'll show you everybody where the president spoke yesterday in these local interviews, from boston. there was definitely a...
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Feb 19, 2013
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does it really affect the economy? does it affect jobs? we already know a lot of contractors are not hiring or getting rid of people because they're not going to have as much money coming in from contracts they had with the government. if that stuff starts to hit home in the districts, maybe it bubbles up and it puts pressure on these members, but quite frankly, they felt that pressure for several weeks, several months now because people have been talking about sequestration for some time, and they haven't done anything. i'm not optimistic that they'll undo sec restoration. >> thanks very much. >> take care. >> coming up next, more on simpson-bowles and what retirees in florida will have to say about it. debbie wasserman-schultz, and then the big bang theory. michelle obama reveals to rachel ray the real reason behind her stylish new ' do. >> this is my midlife crisis, the bangs. i couldn't get a sports car. they won't let me bungee jump. instead i cut my bangs. with unitedhealthcare, i get personalized information and rewards for addressi
does it really affect the economy? does it affect jobs? we already know a lot of contractors are not hiring or getting rid of people because they're not going to have as much money coming in from contracts they had with the government. if that stuff starts to hit home in the districts, maybe it bubbles up and it puts pressure on these members, but quite frankly, they felt that pressure for several weeks, several months now because people have been talking about sequestration for some time, and...
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Feb 21, 2013
02/13
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labor secretary to bill clinton and author of "beyond outrage," what's gone wrong with our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices. now it's time for the speaker to do the same." then he had a link to an 80-page proposal from september, including war savings, it includes tax reform, which of course they want. it doesn't fully lay it out by any stretch of the imagination. so jay carney was asked what specifically will the white house cut and here's what jay carney said. >> it's in the proposals he submitted to the speaker of the house that the speaker walked away from -- >> where does the president prevent sequestration from happening? shouldn't the president take the lead and present that -- >> well, first of all, congress has to act. >> al
labor secretary to bill clinton and author of "beyond outrage," what's gone wrong with our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices....
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Feb 23, 2013
02/13
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. decolletage, decollet >>> he was one of the biggest starts to emerge from last summer's olympic games, now, oscar pistorius, also known as "the blade runner" is charged with murdering his girlfriend. his bail hearing was full of drama, from pistorius breaking down emotionally to a detective getting pulled from the case after his own unrelated murder charges came to light. and it all culminated with the judge's ruling. >> the affidavit, and the way that he did, placing it before the court, together with the fact that none of the factors that need to be established have been established, i come to the conclusion that the accused has made a case to be released on bail. >> now, from johannanesburg, where do you think we go from here? how long before the actual trial, for examp
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. decolletage, decollet >>> he was one of the biggest starts to emerge from last summer's olympic games, now, oscar pistorius, also known as "the blade runner" is charged with...
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Feb 23, 2013
02/13
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secondly, our economy needs workers, we are in a global battle for capital and labor. and if we're going to have economic growth, which is the thing we need the most in this country today. if we're going to have economic growth after a deep recession and a very, very flat recovery, we need this labor. we not only need the high skill h-1 b labor in the technology world and science world that you hear so much about. we need agriculture labor, we need low-skill labor. and so if we want to see our economy grow we not only have to be more productive we have to have a larger work force. and our work force is not growing fast enough for us to have the kind of growth that we have you got. hundreds of thousands if not millions of jobs in america that are sitting here empty today, because there is nobody to do the jobs. some of those highly skilled, some of them not. >> governor rendell -- >> that is why this agreement, the agreement is so important, because we're not going to make this work economically for the country without a reasonable and responsible guest worker program.
secondly, our economy needs workers, we are in a global battle for capital and labor. and if we're going to have economic growth, which is the thing we need the most in this country today. if we're going to have economic growth after a deep recession and a very, very flat recovery, we need this labor. we not only need the high skill h-1 b labor in the technology world and science world that you hear so much about. we need agriculture labor, we need low-skill labor. and so if we want to see our...
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Feb 20, 2013
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one last point, thomas, i think our economy is poised to finally take off if the government would just get out of the way and stop manufacturing these crises every month or three months or six months. and it isn't rocket science and something that has to be done. i hope the president going over the heads of congress and appealing to the american people will put the pressure on the gop to come to the table and gri gr reasonable compromise. >> we want to bring in our power panel. political editor for the grio and republican strategist alice stewart. great to have you all here. i want to start off with what we know about the president reaching across the aisle, not so much about the sequester but immigration. we watched during that sequester remark statement by the president where he said his door is always open. and then made phone calls in the afternoon to part of the immigration eight, three of the republicans on that panel, we've got mccain, rubio and lindsay graham. it's interesting because marco rubio is overseas in the middle east. ali alice, marco rubio has said he feels good abou
one last point, thomas, i think our economy is poised to finally take off if the government would just get out of the way and stop manufacturing these crises every month or three months or six months. and it isn't rocket science and something that has to be done. i hope the president going over the heads of congress and appealing to the american people will put the pressure on the gop to come to the table and gri gr reasonable compromise. >> we want to bring in our power panel. political...
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now that is money that doesn't go into the economy. now while it's true that they pay more in taxes, the taxes are not in the united states of america what holds up the economy, the earnings and job growth and everything like that holds it up. that is millions and millions of dollars not going into the economy because of things like that. that's just one example. >> give us an example, i you know have our own, you have been married to your partner for quite sometime. you were married in south africa several years ago. how does it impact you personally? >> it impacts me personally it's no secret or you would hope somebody in my position would be a very wealthy woman and when i die if k. t. were still alive or vice versa, k. t. or myself we'll lose over 50% or approximately 50% of our estate to estate taxes. if we were married and recognized on the federal level we would not owe one penny of tax. how would all the heterosexuals that were married if they knew upon the death of one of them if they have a certain size of estate they will lo
now that is money that doesn't go into the economy. now while it's true that they pay more in taxes, the taxes are not in the united states of america what holds up the economy, the earnings and job growth and everything like that holds it up. that is millions and millions of dollars not going into the economy because of things like that. that's just one example. >> give us an example, i you know have our own, you have been married to your partner for quite sometime. you were married in...
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bargaining table and say how are we going to stabilize our debt so it isn't growing faster than our economy can grow. that means entitlement reform. it means tax reform. everybody knows that. and we've got to get back to it. >> the president said that he's in favor of entitlement reform. he has been specific about dealing with medicare and some aspects of retirement, but has he been specific enough? i'm going to ask you about taxes in a minute, but from the president and the white house's perspective, as he put enough out there on the table to reel in the republicans and get them to negotiate seriously? >> well, i hope so. he's put some things on the table that his own troops didn't like, which is absolutely necessary. he had to do that to show that he was serious. one thing is the reform of the consumer price index, which is really a technical adjustment, but it would mean slightly lower social security benefits and other benefits going forward. now, you could offset that with other changes in the law, but it is the right thing to do. and his own troops were kind of unhappy about that, but
bargaining table and say how are we going to stabilize our debt so it isn't growing faster than our economy can grow. that means entitlement reform. it means tax reform. everybody knows that. and we've got to get back to it. >> the president said that he's in favor of entitlement reform. he has been specific about dealing with medicare and some aspects of retirement, but has he been specific enough? i'm going to ask you about taxes in a minute, but from the president and the white house's...
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it's not just the economy that will suffer from the looming cuts next week. that's march 1st. national security will as well, and it's seriously at risk. >> already the threat of these cuts has forced the navy to delay an aircraft carrier that was supposed to deploy to the persian gulf, and as our military leaders have made clear, changes like this, not well thought through, not phased in properly, changes like this affect our ability to respond to threats in unstable parts of the world. >> governor rendell, i just wonder what you think would be the situation, the scenario, if it comes to this. we pick up our paper someday, and the newspaper said, carrier group can't make it to persian gulf for lack of funding. i mean, i just wonder if we're ready to face something -- i don't think we ever faced that in world war ii, in korea, in vietnam where we're unable to fight the wars we're in. >> chris, overall it's an incredibly bad situation for the country, and we can argue over who deserves the blame for this, and there's probably blame to go around, but right now the republican par
it's not just the economy that will suffer from the looming cuts next week. that's march 1st. national security will as well, and it's seriously at risk. >> already the threat of these cuts has forced the navy to delay an aircraft carrier that was supposed to deploy to the persian gulf, and as our military leaders have made clear, changes like this, not well thought through, not phased in properly, changes like this affect our ability to respond to threats in unstable parts of the world....
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to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now, for two yoers, i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that could achieve the same amount of health care savings by the beginning of the next decade as the reforms that were proposed by the bipartisan simpson-bowles commission. i'm willing to save hundreds of billions of dollars by getting rid of tax loop heels and deductions for the well off and well connected without raising tax rates. i believe such a balanced approach that combines tax reform with some additional spending reforms done in a smart, thoughtful way, is the best way to finish the job of deficit reduction and avoid these cuts once and for all that could hurt our economy, slow our recovery, put people out
to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now, for two yoers, i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that could achieve the same amount of health care savings by the...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today. >> you guys met in iran back in the '90s. >> i don't know. >>> it's oscar time and best picture nominee "zero dark thirty" has brought the topic of waterboarding to the front. some argue the movie makes the case waterboarding and other enhanced interrogation techniques were instrumental in finding osama bin laden. some senators and the cia disagree and let's open it up to the panel, michael hayden, richard haass and jane harman. michael hayden, you more than anyone else can tell us, did enhanced interrogation techniques, specifically waterboarding, get us the vital information on the path to osama bin
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today. >> you...
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the economy's upside down down right now. we're in negative growth this last quarter. >> it's really a bad idea right now to do this thing. and also as they were saying, it's deliberately written i guess to make it ridiculous so that you can't say let's take out one of our stupid tank programs we don't need. you can't do that. >> but that doesn't seem to be inspiring action. i mean, i asked what are they -- what's the alternative? i'm sure that they've been working with members of congress to come up with an alternative to this. i didn't -- i hear, oh, there should be one. >> yeah. >> but i don't hear any. >> well, i've got to say," you know, a lot of people, mike barnicle, attacked the president and congress for not working together, but they did come up with a plan that would have been remarkably stupid to an act as a worst-case scenario, and they worked together to create that fail safe plan and they're going to implement it. >> but the part that i don't understand, mike, you talk about the republicans saying, well, this t
the economy's upside down down right now. we're in negative growth this last quarter. >> it's really a bad idea right now to do this thing. and also as they were saying, it's deliberately written i guess to make it ridiculous so that you can't say let's take out one of our stupid tank programs we don't need. you can't do that. >> but that doesn't seem to be inspiring action. i mean, i asked what are they -- what's the alternative? i'm sure that they've been working with members of...
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sure, let's run up the markets. >> they're looking at the economy and seeing a strong economy. >> and they used to be scared by washington. up next. >> republican's going to be the same think. >> up next, the student loan controversy. business before the bell with brian sullivan. we're going to be right back. none of us would want to be told we can't marry the person we love. that's why a growing majority of americans believe it's time to allow marriage for gay and lesbian couples. laura bush: when couples are committed they ought to have i think the same sort of rights that everyone has. colin powell: allowing them to live together with the protection of law, it seems to me is the way we should be moving in this country. dick cheney: freedom means freedom for everyone. barack obama: our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. it's time for marriage. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activate
sure, let's run up the markets. >> they're looking at the economy and seeing a strong economy. >> and they used to be scared by washington. up next. >> republican's going to be the same think. >> up next, the student loan controversy. business before the bell with brian sullivan. we're going to be right back. none of us would want to be told we can't marry the person we love. that's why a growing majority of americans believe it's time to allow marriage for gay and...
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threat of these cuts not well thought through, not smart, not fair, hurt our economy. this is not an abstraction. people will lose their jobs. >> that's a shortened version of what the president had to say. let's go in depth with our chief white house correspondent, jessica yellin, who is here. this is a big issue right now. >> it really is, wolf. and it's just ten days now until these forced budget cuts go into effect. top administration officials tell me, if that happens, the president believes the politics are on his side. with congress out of town, president obama took to the bully pulpit, warning about the effects of forced spending cuts that hit every part of government next friday. >> there is a smarter way to do this, to reduce our deficits without harming our economy. >> reporter: he's talking about more than $1 trillion in painful cuts that can still be avoided if congress reaches agreement on deficit reduction. the package of cuts came from the 2011 debt ceiling deal, and it was never meant to go into effect. during the presidential campaign, mr. obama said
threat of these cuts not well thought through, not smart, not fair, hurt our economy. this is not an abstraction. people will lose their jobs. >> that's a shortened version of what the president had to say. let's go in depth with our chief white house correspondent, jessica yellin, who is here. this is a big issue right now. >> it really is, wolf. and it's just ten days now until these forced budget cuts go into effect. top administration officials tell me, if that happens, the...
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our problems at home unless we have an international outlook because of the interconnectedness of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening in other countries. the part that i think we need to understand now is i believe in the strength of america. i think that we have a huge role to play in the world but i don't see why we have to do everything alone and so i very much agree with the approach of having partners where we can, in fact, help in other parts of the world together. that would be my shortest version of what i believe in and that i really do think while i understand the pain of people in this country i think only solution to resolving it is for us to be active internationally with others. >> rose: one question is whether that's what the rest of the world wants. many peop
our problems at home unless we have an international outlook because of the interconnectedness of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening in other countries. the part that i...
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is walmart the new barometer on our economy? and new insight in to the oscar pistorius murder case. a professor estimates less than 10% of murder cases in south africa end in conviction. this looeding professor will join us to discuss the latest developments, including the incredible turn of events that went down this morning. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. it's healthier, ammonia-free. and with aloe, vitamin e, and coconut oil, my hair looks healthier than before i colored. i switched. you should too, to natural instincts.
is walmart the new barometer on our economy? and new insight in to the oscar pistorius murder case. a professor estimates less than 10% of murder cases in south africa end in conviction. this looeding professor will join us to discuss the latest developments, including the incredible turn of events that went down this morning. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk...
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at the end of the day those seek res make us strong as an economy. these breaches are very, very, very common. we deal with breaches on wide scales all the time and almost always originating from the chinese government. >> pretty frightening. david mckenzie, thanks for your insight. >> sure. >>> up next, our tailly topics debate including run, hide and fight? plus hillary clinton's next career move follows in the footsteps of her husband, former president clinton. a mysterious message on facebook leads a woman to news about her missing son. details of why this woman is so furious with police. the panelists will be revealed for you next. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. ♪ [ male announcer ] every car we build must ma
at the end of the day those seek res make us strong as an economy. these breaches are very, very, very common. we deal with breaches on wide scales all the time and almost always originating from the chinese government. >> pretty frightening. david mckenzie, thanks for your insight. >> sure. >>> up next, our tailly topics debate including run, hide and fight? plus hillary clinton's next career move follows in the footsteps of her husband, former president clinton. a...
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you could that trickle down to the economy? >> when you talk about small businesses and how they'll be impacted by the sequester cuts you have to kind of take into consideration that there are 20 to 30 million small businesses. so people that are doing work in certain areas, certain regions or certain industries that might be affected by a government cutback, those people will be affected, but if you're a small business owner and the accountant and the lawyer, even, a lot of them aren't going to be seeing a whole lot of effect of any cuts coming out. >> let's take a look at what the white house had to say about that. they say, quote, the automatic cuts triggered by a sequester would reduce loan guarantees to small businesses by up to $102 million. what do you have to say about that effect? >> it could reduce loan guarantees and that's exactly right expect and that depends on small businesses looking for loans. we're still in a credit crunch right now. a lot of the businesses that i know and i write about that a lot of my client
you could that trickle down to the economy? >> when you talk about small businesses and how they'll be impacted by the sequester cuts you have to kind of take into consideration that there are 20 to 30 million small businesses. so people that are doing work in certain areas, certain regions or certain industries that might be affected by a government cutback, those people will be affected, but if you're a small business owner and the accountant and the lawyer, even, a lot of them aren't...
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tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney pointed to the grand bargain mr. obama failed to reach with house speaker john boehner two careers ago. >> when you ask where's the president's plan, it's been there. it's at whitehouse.gov. >> a budget plan for the long term, where is -- >> the president -- >> the president take the lead and -- >> first of all, congress has to act. >> reporter: less than two months since the fiscal cliff that resulted in tax increases on wealthy americans. boehner notes the idea for the automatic cuts originated in the white house adding mr. president, we agree that your sequester is bad policy. what spending are you willing to cut t
tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts begin to happen on march 1st and the obama administration says republicans will be to blame. >> the pleas that the republicans are making are throw these people out of work. it's just -- it makes no sense. >> reporter: but when pressed on whether the president has his own plan to stop the cuts, white house press secretary jay carney...
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> you've heard the big numbers. $1.2 trillion in cuts over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the president's sequester and the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result. >> the forced budget cut were created during the 2011 debt ceiling debacle passed by congress and signed by the white house. a worst case scenario that would be so bad, it would force lawmakers to make a deal. now it's become a poison pill that the nation may have to swallow beginning march 1st. and if it happens it, 70,000 children kicked off head start programs putting more than 14,000 teaching and staff jobs at risk. fewer inspections for things like horse meat in your burgers. cuts to mental health programs mean almost 400,000 seriously mentally ill
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> you've heard the big numbers. $1.2 trillion in cuts over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the president's sequester and the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result. >> the forced...
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that's -- how bad is the economy that you've got to take a job like that? 16-year-old boys are the worst customers in the world. they're laughing. they're throwing quarters at them. they don't appreciate it. >> wendy, we're laughing. it sounds funny. do you see this as kind of a serious big no-no, too? >> there are two points i need to make right now. one is this mom is obviously doing as she once did because she's 33 years old and has a 16-year-old which means she was pregnant at 16. okay, first thing. enough said. and the second thing is because our culture has become so highly sexualized and we're using sexy bodies to sell these kids pretty much any product and half of them are naked on facebook, nobody polices that, she sort of lost sight about where the laws are in our culture. and i think facebook should get on and taking the six packs and eight packs of 12-year-old boys off facebook and the little girls with the cleavage when they're 13 and the duck face, they have to go. >> words of which isdom by wend there. all right. tom, chris, lani, wendy, than
that's -- how bad is the economy that you've got to take a job like that? 16-year-old boys are the worst customers in the world. they're laughing. they're throwing quarters at them. they don't appreciate it. >> wendy, we're laughing. it sounds funny. do you see this as kind of a serious big no-no, too? >> there are two points i need to make right now. one is this mom is obviously doing as she once did because she's 33 years old and has a 16-year-old which means she was pregnant at...